Middle East Economic Survey

VOL. XLVIII

No 39

26-September-2005

OPEC Adopts Comprehensive Long-Term Strategy

The following statement was released by OPEC on 20 September following the adoption by OPEC oil ministers of the long term strategy.

This strategy, which was prepared over a period of two and a half years, provides a coherent and consistent vision and framework for the Organizations future. It recognizes the important role of oil in the world economy at large and for the socio-economic...